National Credit Union Administration May 26, 2011 – Federal Register Recent Federal Regulation Documents

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Golden Parachute and Indemnification Payments

Document Number: 2011-12827

Type: Rule

Date: 2011-05-26

Agency: National Credit Union Administration, Agencies and Commissions

NCUA is issuing a final rule to prohibit, in certain circumstances, a Federally insured credit union (FICU) from making golden parachute and indemnification payments to an institution- affiliated party (IAP). The rule will help safeguard the National Credit Union Share Insurance Fund (NCUSIF) by preventing the wrongful or improper disposition of FICU assets and inhibit unwarranted rewards to IAPs that can contribute to an FICU's troubled condition.

https://regulations.justia.com/regulations/fedreg/2011/05/26/2011-12827.html

Accuracy of Advertising and Notice of Insured Status

Document Number: 2011-12825

Type: Rule

Date: 2011-05-26

Agency: National Credit Union Administration, Agencies and Commissions

The NCUA Board is amending certain provisions of NCUA's official advertising statement rule. Specifically, insured credit unions will be required to include the statement in a greater number of radio and television advertisements, annual reports, and statements of condition required to be published by law. The NCUA Board also is defining the term ``advertisement'' and clarifying size requirements for the official advertising statement in print materials.

https://regulations.justia.com/regulations/fedreg/2011/05/26/2011-12825.html